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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Cedar Rapids at 1321 Elmhurst Dr NE, Cedar Rapids, IA, 52402 offers a 7.15% rental yield on a $169,900 purchase with $1,013/mo rent. 97% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 92.92% and total cumulative return in cash at $52,334. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,013/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
5,880 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52402, Cedar Rapids, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,282 (100%) |
| Owner Occupied HU | 11,711 (60.7%) |
| Renter Occupied HU | 6,275 (32.5%) |
| Vacant Housing Units | 1,296 ( 6.7%) |
| Median Home Value | $208,064 |
| Average Home Value | $237,802 |
Residential
18,597
Single Family
14,279
Multi-Family
4,318
Businesses
1,495
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Ryan Eighme • Pinnacle Realty LLC
Mls Name: CRAAR, CDRMLS
Mls ID: #2507870
